Crypto Payments | ForkLog

ForkLog 14 17.10.2024

Russia’s Central Bank Anticipates Initial Crypto Payment Trials by Year-End

The Bank of Russia remains optimistic about conducting initial experimental international cryptocurrency transactions by the end of the year, reports Interfax, citing Central Bank head Elvira Nabiullina. Speaking with journalists on the sidelines of the Finopolis-2024 forum, the official noted that “there is interest from participants.” However, since the experimental legal regime (ELR) pertains to […]

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ForkLog 30 11.10.2024

Stripe Introduces USDC and USDP Payment Service

Payment service provider Stripe has incorporated stablecoins USDC and USDP as payment options on its checkout page, reports Bloomberg. On the first day, customers from over 70 countries utilized this option. “We are doing what internet businesses need, which is to reach more customers at lower costs. ‘Stablecoins’ are showing early signs of being able […]

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ForkLog 44 19.09.2024

Louisiana Approves Bitcoin and USDC for State Services

John Fleming, the Treasurer of Louisiana, USA, has integrated Bitcoin and the Lightning Network, as well as the stablecoin USDC, into state operations. Residents will be able to pay for services from any wallets. A special service will convert incoming digital assets into US dollars, which will then be credited to state accounts. This will […]

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ForkLog 27 19.09.2024

Trump Pays for Burgers with Bitcoin

US presidential candidate Donald Trump treated Bitcoin supporters to burgers at the themed New York bar PubKey, paying with digital gold. JUST IN: ?? Donald Trump uses #Bitcoin to pay at a bar in New York. pic.twitter.com/ZAkeW5AH5g — Watcher.Guru (@WatcherGuru) September 18, 2024 According to co-founder Drew Armstrong, Trump paid $998.7 for several dozen burgers. […]

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ForkLog 12 17.09.2024

Russian Crypto Firms Excluded from Central Bank’s Experimental Group

Russian authorities have established a focus group for an experiment involving international cryptocurrency settlements, according to Vedomosti, citing three informed sources. The group includes select importers from the Russian Chamber of Commerce and Industry and the Association of Electronics Developers and Manufacturers, as well as some banks. “The focus group comprises importers facing significant challenges […]

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ForkLog 19 11.09.2024

PayPal and Venmo Integrate Ethereum Name Service for Crypto Payments

Payment platforms PayPal and Venmo have integrated the Ethereum Name Service (ENS). ? We’re thrilled to announce that @ensdomains is now supported on @PayPal & @Venmo! This new feature brings the power of ENS to millions, making crypto transfers easier and more secure than ever—starting in the USA.? pic.twitter.com/9hsrhRqEAp — ens.eth (@ensdomains) September 10, 2024 […]

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ForkLog 18 03.09.2024

Sberbank Advocates for Legalisation of Cryptocurrency Payments

Russia’s Sberbank supports the recognition of cryptocurrencies and stablecoins as legitimate payment instruments. This was stated by the bank’s Deputy Chairman of the Board and Head of Corporate and Investment Business, Anatoly Popov, in an interview with Reuters. According to him, the legalisation of mining in Russia and the possibility of international settlements in digital […]

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ForkLog 123 05.08.2024

How crypto-payment processing works for business, according to CryptoProcessing

Crypto-processing services are payment gateways that handle transactions on the blockchain and convert cryptocurrencies into fiat. They are a vital part of the industry, enabling rapid settlement and helping to drive mass adoption of digital assets. With the team at CryptoProcessing, we explain how crypto processing works and how to integrate bitcoin payments into a […]

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ForkLog 20 30.07.2024

Russia’s Central Bank Sets Date for Cryptocurrency Experiments

30 July 2024 | 17:17Update: On 30 July, the Russian State Duma passed a bill in its second and third readings establishing an experimental legal regime (ELR) that permits the use of cryptocurrencies in foreign trade. This was announced by Deputy Anton Gorelkin. From 1 September, the document grants the Bank of Russia the authority […]

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ForkLog 19 25.07.2024

Russia Turns to Cryptocurrencies for Cross-Border Payment Solutions

Russian companies are increasingly encountering difficulties in international transactions due to the threat of secondary sanctions against their counterparts. Against this backdrop, cryptocurrencies and payments through intermediaries are gaining popularity, writes Bloomberg. The most significant challenge for Russia involves dealings with China, whose trade with Russia reached a record $240 billion in 2023. In many […]

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ForkLog 18 24.07.2024

Ferrari to Introduce Cryptocurrency Payments in Europe

In late July, Italian car manufacturer Ferrari will begin accepting digital assets as a form of payment in Europe. This decision follows the successful launch of the initiative in the United States in autumn 2023, responding to requests from dealers and clients. At that time, Ferrari partnered with the processing service BitPay, which converts received […]

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ForkLog 57 16.07.2024

Stripe Enables Cryptocurrency Purchases in the EU

Payment service Stripe has introduced the option for EU residents to purchase cryptocurrencies using credit and debit cards, as reported by the Irish Independent. The decision by the company, founded by brothers Patrick and John Collison, aims to “simplify ordinary transactions with digital assets.” According to the publication, online merchants using Stripe’s technology can add […]

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